One Equity Partners (OEP), a subsidiary of JP Morgan, sold a major stake in the Austrian aluminum company to B&C Industrial Holding.

The AMAG sale is finished. OEP, which held a 34.1% stake, sells 29.9% in AMAG to B&C Industrial Holding. RLB Austria, which was expected to participate in the sale, did not buy further shares in AMAG. The sale price was not disclosed. B&C Industrial Holding as the option to buy the remaining 4.2% in AMAG.